The City Of New Orleans has been ordered by the Louisiana Supreme Court to pay the NOFD Pension.

The City Of New Orleans has been ordered by the Louisiana Supreme Court to pay the NOFD Pension.

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Updated: 5:25 PM CDT Mar 31, 2014

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WEBVTT MORE THAN 17 MILLION DOLLARS.IT'S A CASE THAT WENT ALL THEWAY TO THE LOUISIANASUPREME COURT .. AND AS WDSUREPORTER ANDY CUNNINGHAMTELLS US... IT'S A RULING THECITY FEARS COULD COST TAXPAYERS..ANDY: It's a lot ofmoney--money the city says itdoesn't have, and could lead tobudget cuts andemployee furloughs... IN A 4-2RULING, THE STATESHIGHEST COURT RULED IN FAVOR OFTHE NEW ORLEANS FIREFIGHTERS ASSOCIATION... SAYINGTHE CITY IS RESPONSIBLEFOR ITS SHARE OF THE OF THEDEPARTMENT'S RETIREMENT FUNDFROM 2010---TO---2012. MONEYTHE LANDRIEUADMINISTRATION STOPPEDPAYING...ARGUING THE FIREFIGHTERS WERE RECEIVING INFLATEDRAISES AND RETIREMENTBENEFITS. IN A STATEMENT DEPUTYMAYOR ANDY KOPPLINSAID: "In these tough times, itis particularly offensive thatthecity's taxpayers are on the hookfor this extraordinary sum,largely because ofthe Firefighter Pension Board'sreckless investments andmanagement. This ruling,combined with the impendingcosts related to theSheriff's consent decree, willbe devastating to the City'sbudget andcould potentially lead tocutting critical City servicesandemployee furloughs." INRESPONSE PRESIDENT OF THEFIRE FIGHTER'S UNION, NICKFELTON SAID: "While thetrusteeswill make the finaldetermination, the fire fightersunion will continue tobargain in good faith on thisand all pending issues that arecurrently beforeus. Fire fighters know thatthis is in the best interest ofthe cities of neworleans and its fire fighters."THE TWO SIDES ARE CURRENTLY INNEGOTIATIONS.A LIVE LOOK OUTSIDE ON THISMONDAY ... CHIEF METEOROLOGIST

City ordered to pay NOFD pension

The City Of New Orleans has been ordered by the Louisiana Supreme Court to pay the NOFD Pension.